Cepea, March 3, 2020 – Cotton prices increased in the Brazilian market in February, reflecting the fast exports pace for the national product, the US dollar appreciation against Real – which increases the exports parity price – and estimates for a smaller cotton area in the United States in the 2020/21 season. According to the USDA, the area allocated to cotton in the USA is likely to shrink by 9%, to 5.1 million hectares
Fonte: CEPEA
Exports and strong dollar push up quotes in Brazil
Redaçãomar 03, 2020
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